Agency Relationships and Disclosures Practice Question
Question
A first-time buyer asks for exam-focused clarification involving Mello-Roos disclosure. What should a California real estate licensee understand? (Item 134)
Answer choices
- A. It prevents any later disclosure, even when new facts become known.
- B. Identify special tax district disclosure concepts.
- C. It applies only to commercial property and never to residential transactions.
- D. It is controlled only by local custom rather than by law, contract, or professional duty.
Correct Answer
B. Identify special tax district disclosure concepts.
Explanation
The correct answer is B because Mello-Roos disclosure requires candidates to identify special tax district disclosure concepts. The other options overstate the effect of custom, oral agreement, escrow, or independent salesperson action and do not reflect safe California exam practice.
Question details
- Difficulty: medium
- Domain: Agency Relationships and Disclosures
- Objective: Mello-Roos disclosure